FDVV vs. CLSE ETF Comparison

Comparison of Fidelity Core Dividend ETF (FDVV) to Convergence Long/Short Equity ETF (CLSE)

FDVV

Fidelity Core Dividend ETF

FDVV Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Core Dividend Index. Normally investing at least 80% of assets in securities included in the Fidelity Core Dividend Index and in depository receipts representing securities included in the index. The Fidelity Core Dividend Index is designed to reflect the performance of stocks of large and mid-capitalization dividend-paying companies that are expected to continue to pay and grow their dividends.

Grade (RS Rating)

Last Trade

$46.79

Average Daily Volume

268,106

Number of Holdings ^*

* may have additional holdings in another (foreign) market

CLSE

Convergence Long/Short Equity ETF

CLSE Description

The investment seeks long-term capital growth. The fund seeks to invest, under normal market conditions, at least 80% of its net assets (plus any borrowings for investment purposes) in long and short positions in equity securities of domestic companies. The adviser intends to maintain a net long exposure (the market value of long positions minus the market value of short positions) of approximately 50% to 100%. Under normal market conditions, the fund’s long positions may range from approximately 90% to 150% and its short positions may range from approximately 20% to 70%.

Grade (RS Rating)

Last Trade

$20.91

Average Daily Volume

58,424

Number of Holdings ^*

344

* may have additional holdings in another (foreign) market

Performance

Period	FDVV	CLSE
30 Days	6.46%	4.19%
60 Days	3.68%	2.15%
90 Days	6.77%	6.63%
12 Months	27.32%	40.16%

34 Overlapping Holdings

Symbol	Grade	Weight in FDVV	Weight in CLSE	Overlap
AAPL	B	5.11%	0.99%	0.99%
ABBV	D	0.66%	0.84%	0.66%
AMGN	B	0.55%	0.8%	0.55%
BAC	A	0.66%	0.78%	0.66%
BX	C	0.41%	-0.32%	-0.32%
CAT	C	1.58%	0.48%	0.48%
D	A	1.37%	-0.31%	-0.31%
F	D	0.25%	0.65%	0.25%
GE	C	1.67%	-0.43%	-0.43%
GLPI	D	0.93%	0.37%	0.37%
GM	B	0.28%	0.65%	0.28%
GS	A	0.54%	-0.3%	-0.3%
HD	D	0.43%	0.95%	0.43%
IBM	D	0.93%	1.2%	0.93%
JNJ	D	0.74%	0.84%	0.74%
JPM	A	0.96%	0.88%	0.88%
MO	A	1.61%	0.76%	0.76%
MS	A	0.5%	-0.29%	-0.29%
MSFT	C	5.85%	3.46%	3.46%
NEE	B	1.76%	0.53%	0.53%
NVDA	B	5.32%	4.28%	4.28%
NXST	B	0.09%	-0.29%	-0.29%
PARA	C	0.09%	-0.32%	-0.32%
PFE	C	0.59%	0.8%	0.59%
PG	A	2.18%	0.72%	0.72%
QCOM	A	1.42%	2.6%	1.42%
SBUX	F	0.24%	-0.36%	-0.36%
SPG	D	1.08%	0.34%	0.34%
T	B	0.15%	0.9%	0.15%
TFC	A	0.39%	-0.25%	-0.25%
TXN	A	1.21%	-0.46%	-0.46%
UNP	C	1.28%	0.2%	0.2%
WFC	A	0.62%	0.69%	0.62%
XOM	B	2.09%	0.71%	0.71%

FDVV Overweight 57 Positions Relative to CLSE

Symbol	Grade	Weight
PEP	B	1.89%
AVGO	C	1.84%
PM	A	1.73%
CVX	A	1.67%
RTX	A	1.53%
SO	A	1.42%
TRGP	C	1.42%
COP	D	1.39%
DELL	B	1.39%
LMT	A	1.37%
AEP	A	1.37%
DUK	A	1.35%
HON	C	1.34%
EIX	A	1.3%
EOG	C	1.29%
ACI	C	1.28%
DVN	C	1.26%
PCAR	D	1.25%
KMI	A	1.24%
UPS	D	1.24%
ES	B	1.21%
OHI	C	1.02%
PSA	C	1.0%
CSCO	D	0.99%
PLD	D	0.97%
CCI	D	0.94%
VICI	B	0.94%
WBA	F	0.93%
WY	D	0.9%
WPC	B	0.89%
HPQ	C	0.88%
UNH	B	0.88%
V	C	0.77%
C	A	0.49%
BMY	F	0.44%
GILD	F	0.43%
GEV	C	0.41%
CME	D	0.41%
PNC	A	0.4%
USB	D	0.38%
CVS	F	0.38%
MCD	D	0.32%
LOW	D	0.3%
TJX	C	0.3%
DKS	D	0.27%
NKE	F	0.27%
MAR	D	0.25%
BBY	D	0.21%
VZ	C	0.17%
CMCSA	D	0.15%
EA	F	0.12%
OMC	A	0.12%
NYT	B	0.11%
FOXA	B	0.11%
NWSA	D	0.11%
IPG	D	0.1%
WMG	D	0.09%

FDVV Underweight 310 Positions Relative to CLSE

Symbol	Grade	Weight
AMZN	B	-3.21%
GOOGL	B	-2.8%
GOOG	B	-2.38%
MU	B	-2.22%
AMAT	C	-2.13%
APP	B	-2.08%
META	D	-2.01%
ANET	B	-1.88%
SNX	A	-1.83%
NTAP	B	-1.8%
NTNX	A	-1.68%
GDDY	A	-1.34%
CRWD	C	-1.3%
COIN	D	-1.23%
WMT	B	-1.21%
NFLX	C	-1.01%
MUSA	A	-1.01%
APPF	B	-0.98%
SPOT	B	-0.95%
DOCU	B	-0.94%
CRBG	B	-0.92%
SYF	B	-0.91%
AMG	D	-0.9%
OGN	B	-0.88%
LLY	C	-0.85%
MPC	D	-0.83%
MTG	B	-0.82%
PYPL	C	-0.82%
EME	A	-0.8%
MRK	B	-0.8%
BRBR	C	-0.79%
HALO	B	-0.78%
PAGS	D	-0.77%
VRT	B	-0.76%
PBF	F	-0.76%
SMCI	D	-0.74%
SEIC	D	-0.74%
UBER	D	-0.73%
TSN	C	-0.72%
TW	B	-0.72%
VLO	D	-0.72%
PPC	A	-0.71%
CVNA	B	-0.7%
MCK	A	-0.7%
IESC	A	-0.7%
BG	B	-0.69%
VST	B	-0.69%
FITB	A	-0.69%
PRU	A	-0.67%
MRO	D	-0.67%
STRL	A	-0.66%
LNTH	B	-0.65%
MLI	A	-0.65%
THC	A	-0.65%
STNE	B	-0.65%
UMBF	C	-0.64%
GFF	C	-0.64%
OC	A	-0.63%
CNC	C	-0.62%
MDT	C	-0.61%
PSX	D	-0.6%
FTDR	B	-0.59%
SKYW	B	-0.57%
BCC	D	-0.56%
NU	B	-0.54%
AMRX	B	-0.53%
LOPE	B	-0.53%
DVA	C	-0.53%
KNF	B	-0.53%
CNM	A	-0.51%
ITRI	B	-0.51%
LDOS	A	-0.51%
FIX	B	-0.51%
RGA	A	-0.5%
IIPR	C	-0.5%
ALL	B	-0.49%
HQY	D	-0.49%
UHS	C	-0.48%
REZI	C	-0.48%
VTRS	D	-0.47%
SLVM	C	-0.47%
CNA	B	-0.44%
BCO	A	-0.43%
PNW	B	-0.43%
FCX	A	-0.43%
GMS	B	-0.43%
DPZ	C	-0.41%
DOCS	F	-0.41%
SAIC	B	-0.4%
STLD	D	-0.39%
EXC	B	-0.39%
NEM	B	-0.38%
BKNG	B	-0.38%
EXP	A	-0.37%
GRMN	A	-0.36%
NSA	C	-0.36%
STAG	D	-0.35%
BLD	C	-0.33%
SR	B	-0.32%
PGR	A	-0.32%
PSTG	C	-0.31%
AVA	B	-0.31%
FDX	C	-0.3%
ACIW	A	-0.3%
BAH	A	-0.28%
IBP	D	-0.28%
KR	C	-0.27%
AMR	F	-0.27%
WDC	B	-0.26%
ANF	B	-0.25%
EBAY	D	-0.24%
DECK	D	-0.24%
HRB	A	-0.23%
CVLT	A	-0.23%
LRN	B	-0.23%
HOOD	D	-0.23%
ICLR	D	-0.22%
BLDR	D	-0.22%
SKT	D	-0.22%
MAN	B	-0.21%
NTRA	B	-0.2%
INCY	F	-0.16%
FG	B	-0.13%
JHG	A	-0.13%
MGM	F	-0.12%
LRCX	D	-0.1%
MOD	B	-0.1%
NEU	D	-0.09%
VCTR	C	-0.09%
QQQ	B	-0.0%
IVZ	C	--0.04%
GNRC	B	--0.05%
ST	B	--0.06%
PTCT	C	--0.06%
IAS	F	--0.07%
VTR	B	--0.07%
MCW	B	--0.07%
ENPH	F	--0.07%
JOBY	D	--0.07%
RYAN	C	--0.08%
JBHT	D	--0.08%
AES	B	--0.08%
PENN	F	--0.08%
CHDN	B	--0.08%
SONO	D	--0.08%
PNM	C	--0.09%
RRC	C	--0.09%
AWR	B	--0.09%
VAC	C	--0.09%
DOC	A	--0.1%
COLD	D	--0.1%
MODG	C	--0.1%
CROX	B	--0.1%
CWST	C	--0.11%
DAY	D	--0.11%
NSC	D	--0.11%
ADC	B	--0.11%
PCH	D	--0.11%
ACVA	D	--0.12%
PLNT	C	--0.12%
PYCR	F	--0.12%
GOGL	A	--0.12%
SUI	D	--0.12%
LGIH	D	--0.12%
LPX	A	--0.13%
CHK	C	--0.13%
CAR	D	--0.13%
VFC	F	--0.13%
EXR	C	--0.13%
KNX	D	--0.13%
DV	F	--0.13%
TXG	F	--0.14%
AEIS	B	--0.14%
EMR	B	--0.14%
WAFD	B	--0.14%
EVH	F	--0.14%
CZR	F	--0.14%
WTM	B	--0.14%
KVUE	C	--0.14%
HAYW	C	--0.15%
NTLA	F	--0.15%
UCBI	B	--0.15%
ARWR	F	--0.15%
KMPR	B	--0.15%
AJG	C	--0.15%
CRS	B	--0.15%
FOXF	D	--0.16%
FL	F	--0.16%
WTW	D	--0.16%
RUN	F	--0.16%
UHAL	B	--0.16%
CNXC	F	--0.16%
PR	C	--0.16%
XYL	A	--0.17%
WAL	B	--0.17%
RBA	C	--0.17%
IRT	B	--0.17%
IRTC	F	--0.17%
O	B	--0.17%
MASI	D	--0.17%
IPAR	D	--0.17%
FMC	C	--0.17%
VVV	D	--0.18%
GATX	C	--0.18%
VMC	B	--0.18%
PPBI	B	--0.18%
NARI	D	--0.18%
FLNC	D	--0.18%
GPOR	D	--0.19%
CACC	D	--0.19%
DG	D	--0.19%
FCNCA	B	--0.19%
AAP	D	--0.19%
LNC	B	--0.2%
RIVN	F	--0.2%
ATO	C	--0.2%
ROG	C	--0.2%
SHC	F	--0.2%
SBCF	B	--0.2%
APD	C	--0.2%
BE	D	--0.2%
ALLY	B	--0.2%
MTN	D	--0.2%
GO	F	--0.21%
AR	C	--0.21%
SPR	D	--0.21%
FNB	A	--0.21%
GMED	A	--0.21%
UEC	C	--0.21%
XP	F	--0.21%
SJM	D	--0.22%
DHR	B	--0.22%
BBIO	D	--0.22%
TSLA	D	--0.22%
BANC	B	--0.22%
DLTR	D	--0.22%
SRE	A	--0.22%
PRCT	B	--0.22%
EVR	B	--0.23%
RNR	D	--0.24%
LW	D	--0.24%
EL	F	--0.24%
CG	D	--0.24%
HI	F	--0.24%
SUM	D	--0.24%
OKE	A	--0.25%
CRL	D	--0.25%
NOVT	D	--0.25%
HASI	B	--0.25%
HSY	B	--0.25%
NOG	C	--0.26%
NDAQ	C	--0.26%
BIO	F	--0.26%
CARR	A	--0.26%
AGNC	A	--0.26%
FIVE	F	--0.26%
PEN	F	--0.26%
GTLS	C	--0.27%
ALB	C	--0.27%
EQT	C	--0.27%
PFSI	A	--0.27%
NEOG	F	--0.28%
FOUR	D	--0.28%
TOST	B	--0.28%
KMX	D	--0.29%
LYV	D	--0.3%
LAD	D	--0.3%
MC	C	--0.3%
ZI	F	--0.3%
RCM	F	--0.32%
CCOI	F	--0.32%
INSP	D	--0.32%
VSAT	D	--0.32%
IAC	B	--0.33%
SNPS	D	--0.33%
WBD	F	--0.34%
MARA	D	--0.34%
TGNA	B	--0.34%
UI	C	--0.34%
MSGS	B	--0.35%
DAR	D	--0.35%
RVMD	C	--0.35%
MSTR	D	--0.36%
FIVN	F	--0.37%
CGNX	B	--0.37%
BILL	F	--0.37%
U	F	--0.38%
SATS	C	--0.4%
LBRDK	F	--0.4%
TTWO	D	--0.4%
ZTS	D	--0.41%
PANW	B	--0.41%
ASAN	F	--0.42%
GFS	D	--0.42%
BOOT	C	--0.43%
RH	C	--0.43%
FND	C	--0.44%
CFLT	D	--0.44%
RIOT	F	--0.45%
TECH	B	--0.47%
WOLF	F	--0.47%
ALGM	D	--0.49%
BA	F	--0.51%
ZBRA	B	--0.55%
LITE	F	--0.59%
FSLR	B	--0.61%
COHR	D	--0.62%
KLIC	D	--0.64%
MCHP	C	--0.71%
INTC	F	--0.79%